Starbucks Co. (NASDAQ:SBUX) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its stake in Starbucks Co. (NASDAQ:SBUX) by 4.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,094,976 shares of the coffee company’s stock after selling 45,143 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Starbucks were worth $107,406,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock valued at $10,138,442,000 after buying an additional 784,432 shares in the last quarter. Capital World Investors lifted its position in shares of Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock worth $5,011,796,000 after buying an additional 9,174,682 shares during the last quarter. FMR LLC boosted its holdings in shares of Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after buying an additional 5,348,790 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company’s stock valued at $2,259,516,000 after buying an additional 548,245 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Starbucks by 4.7% during the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company’s stock valued at $1,448,030,000 after buying an additional 718,880 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 4.3%

Shares of Starbucks stock opened at $95.39 on Thursday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $108.40 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s 50-day moving average price is $84.61 and its two-hundred day moving average price is $95.03.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SBUX. Wall Street Zen lowered Starbucks from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday, March 18th. Royal Bank of Canada increased their target price on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their target price on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.12.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.